Greatland Gold (“GGP”) has announced a significant milestone for development of the Havieron project. The Company has entered agreements for up to A$340m in new funding, comprising A$220m in debt from a syndicate of banks and A$120m in potential equity from Wyloo Metals. Securing debt from leading banks at competitive rates ahead of the Feasibility Study (expected Q4’22 after accelerated development of the decline) is, in our view, testament to the project’s quality. This will allow GGP to refin ....
12 Sep 2022
Greatland Gold: Funding achieved for Havieron’s development alongside major board changes
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Greatland Gold: Funding achieved for Havieron’s development alongside major board changes
Greatland Gold plc (GGP:LON) | 6.0 0 1.4% | Mkt Cap: 302.9m
- Published:
12 Sep 2022 -
Author:
Roger Bell | Ryan Hampton -
Pages:
2
Greatland Gold (“GGP”) has announced a significant milestone for development of the Havieron project. The Company has entered agreements for up to A$340m in new funding, comprising A$220m in debt from a syndicate of banks and A$120m in potential equity from Wyloo Metals. Securing debt from leading banks at competitive rates ahead of the Feasibility Study (expected Q4’22 after accelerated development of the decline) is, in our view, testament to the project’s quality. This will allow GGP to refin ....